Good Faith cover image

Good Faith

Making Sense of the Housing Crisis (with Jimmy Wright and Michael Hall)

Aug 26, 2023
58:22
Snipd AI
Entrepreneurs Jimmy Wright and Michael Hall discuss the housing crisis, the challenges faced by those in need of housing, and their efforts to provide affordable housing through their business Launch Capital. They explore the growth of a housing solution for refugees, the importance of building relationships, the challenges of mobilizing funds for affordable housing, and the impact of development policies. They also touch on the inspiring story of Cambodian refugees building a successful donut empire in the US.
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Podcast summary created with Snipd AI

Quick takeaways

  • Launch Capital focuses on buying existing affordable housing to provide stability for refugee populations.
  • They challenge the mispricing of risk associated with refugee families and aim to build a real estate company that values them as assets.

Deep dives

Building Relationships and Affordable Housing

Launch Capital is a real estate company that focuses on buying existing naturally occurring affordable housing and stabilizing it. They prioritize providing stable housing for refugee populations and work with investors to raise funds for their projects. Their model emphasizes relationship-centered property management, with property managers and resident managers living on-site and providing additional services like ESL classes and community activities. Launch Capital has seen significant impact both at the individual level, helping families achieve stability and financial growth, and at the community level, bridging the gap between refugees and the broader community. Their work aims to counter the housing crisis by creating affordable options and challenging the NIMBY mindset that often opposes such developments. They're also looking to expand their model to more cities and are actively seeking partnerships and investments to make a larger impact.

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